$299,900

Property Overview

Positioned just blocks from Downtown Georgetown's historic square and Blue Hole Park, 407 W 3rd St presents a rare development opportunity in the heart of Texas's fastest-growing city. This 1975 single-family residence sits on nearly a quarter-acre lot zoned for residential single-family use, with potential for accessory dwelling units subject to city approval. The property's strategic location near the San Gabriel River and established neighborhoods makes it compelling for investors and owner-occupants alike who value Georgetown's small-town charm and booming growth trajectory.

The modest 855-square-foot home features three bedrooms and one bathroom with central air conditioning, covered porch, and private yard space. While priced at $351 per square foot, significantly above the area median, the value lies in the land and Georgetown's development momentum rather than current improvements. Located in the South San Gabriel Urban Renewal Block O and outside overlay districts, buyers have flexibility for renovation or redevelopment subject to city requirements. The property's proximity to quality Georgetown ISD schools, downtown entertainment, and outdoor recreation creates appeal for multiple buyer profiles.

Vox Real Estate Insight

At Vox Real Estate, we recognize this estate sale represents the kind of well-located redevelopment play that typically moves fast in Georgetown's competitive market—the one-day listing status already signals strong investor interest. For buyers serious about Georgetown's growth corridor, the combination of central location, zoning flexibility, and development potential makes this worth exploring with the city before making any decisions.

Agent Description

Rare opportunity near the heart of Georgetown. This 1975 single-family property offers renovation or redevelopment potential on an approximately 0.16-acre lot. Located near Downtown Georgetown, the Square, Blue Hole Park, and the San Gabriel River. Property is currently zoned RS - Residential Single-Family and, according to the City of Georgetown, is not located within the Old Town Overlay, Downtown Overlay, or a historic district. Existing improvements may offer renovation or redevelopment potential subject to applicable City requirements. An accessory dwelling unit may potentially be possible with required approvals. Buyer to independently verify zoning, development standards, utilities, square footage, and intended use with the City of Georgetown. Property is being sold as-is.

Neighborhood: Georgetown

This property is located in Georgetown, Austin, TX. The area is known for Historic Downtown Square, Sun City 55+, Blue Hole, Fastest-Growing City, Charming Character.

At $351/sqft, this listing is priced 70% above the Georgetown median of $206/sqft.

Property Details

Interior

Systems & Utilities

Exterior & Lot

Parking

Community & HOA

Assigned Schools

Taxes & Legal

Frequently Asked Questions